LykeShares
ASX Mining News
Sign up
Login
Sign Up
(current)
Watchlist
Feedback
Advertise With Us
Profile
Home
Search
Watchlist
Advertise
Feedback
Profile
Why the Meeting for European Lithium's Business Merger Postponed? — ASX:EUR| ASX Mining News & Discussion
L
Lykeshares
2y
Official
$EUR
Why the Meeting for European Lithium's Business Merger Postponed?
European Lithium's Strategic Move: NASDAQ Listing and the Critical Metals Corp Transaction
European Lithium Limited, a frontrunner in the lithium exploration sector, is set to reshape its future with a strategic business combination and a highly anticipated NASDAQ listing. This move is poised to mark a significant milestone in the company's journey towards becoming a leading player in the lithium market.
Rescheduled Special Meeting: A Key Step in the Business Combination
The Special Meeting of Sizzle Acquisition Corp’s stockholders, crucial for approving the business combination with Critical Metals Corp (CRML), has been rescheduled to 6 February 2024. The postponement arises as European Lithium and Sizzle assess potential investments from strategic parties in relation to the Transaction.
Eligibility for Voting
Sizzle’s stockholders on record as of 26 December 2023 are entitled to vote at the rescheduled meeting, now set to take place at 9:00 a.m. Eastern Time.
The Wolfsberg Lithium Project and the Formation of Critical Metals
...
See More
Corp
On 26 October 2022, European Lithium announced its plan to merge its wholly-owned Wolfsberg Lithium Project with Sizzle. This union will culminate in the formation of a new entity, Critical Metals Corp, dedicated to lithium exploration and development.
NASDAQ Listing Underway
The newly formed Critical Metals is expected to be listed on NASDAQ under the symbol “CRML”, marking a significant step for European Lithium in gaining a foothold in the global financial markets.
The Transaction: Anticipated Completion of the Transaction
The completion of the Transaction is expected to occur promptly following the approval at the Special Meeting of Sizzle stockholders, contingent upon fulfilling other closing conditions outlined in the business combination agreement.
Share Issuance Post-Transaction
Following the completion of the Transaction, European Lithium is set to be issued US$750 million worth of ordinary shares in Critical Metals Corp, significantly enhancing its financial and operational capacity.
Lifting the Trading Halt and Looking Forward
This announcement, approved by the Board of Directors of European Lithium, aims to lift the trading halt requested on 29 January 2024. The strategic steps undertaken by European Lithium, including the business combination with Sizzle and the formation of Critical Metals Corp, are set to propel the company into a new era of growth and development in the lithium sector.
With the NASDAQ listing on the horizon, European Lithium is positioning itself as a key player in the global lithium market, leveraging the potential of the Wolfsberg Lithium Project and embracing new opportunities for expansion and collaboration.
... View
1 Like
0 Reply
?
L
Lykeshares
133d
Official
Berkshire is hoarding so. much. cash.
430 Views
2 Likes
0 Reply
?
L
Lykeshares
133d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
...
See More
rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
415 Views
1 Like
0 Reply
?
L
Lykeshares
164d
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
430 Views
2 Likes
0 Reply
?
L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
320 Views
2 Likes
0 Reply
?
L
Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
306 Views
1 Like
0 Reply
?
L
Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
295 Views
1 Like
0 Reply
?
L
Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
1.1k Views
1 Like
0 Reply
?
Loading more...
Popular Stocks 🚀
Alico Inc.
NASDAQ:ALCO
1.6k
Nvidia Corporation
NASDAQ:NVDA | Semiconductors
1.4k
Prophecy International Holdings Limited
ASX:PRO | Software & Services
374
Macarthur Minerals Limited
ASX:MIO | Materials
1.3k
Greenx Metals Limited
ASX:GRX | Materials
588
Show more